Five things luxury property buyers look for in a dream home

If you're planning on selling a luxury apartment or other type of property, read what buyers of high-end properties are looking for. Find out more here!

What do luxury home buyers want?

Today's buyers have wide access to information, are knowledgeable and search thoroughly before making a decision to purchase a new luxury home. They are aware of their requirements and preferences and choose a property that best suits their style and lifestyle.

Luxury property buyers are increasingly looking for larger homes, with three-bedroom apartments (71% of all completed transactions) being the best-selling mid- and high-end properties on the market, followed by two-bedroom apartments and townhouses.

Homes in advanced stage of construction or with act 16

Many buyers make the decision to purchase a home under construction because the terms of the deal can be significantly better when buying directly from a builder. As our experience shows, most units are sold almost 80% before the building is commissioned, i.e., under advanced construction or already received the coveted Act 16.

With this deed in place, construction and installation work is complete and individual lots have been opened-everything needed for the new property owners to occupy the building permanently and seamlessly.

As mentioned, very often in buildings already constructed with Act 16, the choice is limited, as the best apartments are already sold before construction starts, and the price of the rest is increased upon receipt of Act 15. There remains a strong demand for unfurnished apartments, which the owners can furnish to their taste, as there is an obligatory condition that they are finished "turnkey", i.e. have flooring, plastering, putty, paint, etc.

Luxury apartments with several bedrooms

The functionality that the home offers is becoming an increasingly sought-after feature - wider hallways, the presence of laundry rooms, closets, storage, and more. Buyers of luxury properties want to improve their living standards and find a home that better suits their needs. This is why they look for more spacious properties that have room for every member of the family. For a three-bedroom apartment, prices range from 240 thousand euros to 300 thousand euros.

Houses and villas near the capital

As the standard of living of the people increases, of course, the dynamics in the daily life of all of us who live in the big city also increases. The days are getting more hectic, noise and stress accompany us everywhere and therefore it is quite natural, even subconscious need, for everyone to orient themselves and look for how to escape from their busy everyday life, finding peace, security and comfort when they come home.

The trend that has been observed over the last six months is that people living in the capital have an interest in migrating to the peripheral areas of the city. Reasons for this are usually found in several leading factors - tranquillity, a more favourable environment and proximity to nature, as well as modernity in the construction of new building projects characterised by low-rise construction, such as gated communities. Gated communities are mostly built in quiet and remote areas where residents find escape from the dirty air and the busy pace of the big city. Proximity to parks and green areas, reliability and relaxing environment motivate more and more people to buy a house in this type of complexes.

Apart from Sofia, the clients are also oriented towards the villages located close to the capital, which allow quick and easy access to the city, mainly looking for houses.

The buyers of terraced houses, where several identical houses are built in one gated complex, give from 320 thousand euro to 450 thousand euro. The average prices of detached houses are over 486 thousand euro.

The purchase of a house gives the opportunity to have a large courtyard on which to spend favorite sports activities or barbecue evenings, gathering in the sun by the outdoor pool.

Yard spaces

The growing demand for houses with large yards in the vicinity of Sofia is directing attention to new locations that have been out of the sight of buyers - Bankya, Gorna Banya and Lozen. With the emergence of larger residential projects and high-end detached properties, these areas are increasingly attracting customers interested in suburban properties with more space and privacy. In some cases, buyers are also turning to more remote locations but with good access to the capital, such as the golf course in Pravets for example.

Detached garages

Nowadays, many people living in the big city, and more specifically in Sofia, are faced with the challenge of finding a free parking space for their personal car. Thus, owning a parking space or a garage has become an advantage and a mandatory element of the offer for sale of both luxury property and those of the lower price class. In gated complexes there are often internal parking garages in each block and they are sold with them. In some cases, the complexes also have the option of access to more than one parking space per household, which perfectly satisfies young families with more than one car.

Partner with an experienced broker

Selling an apartment can happen with or without a real estate agent, but consulting with a real estate professional will give you peace of mind that you'll go through all the steps of selling your apartment without a hitch. By choosing to trust the services of a professional consultant, you'll save yourself a serious chunk of both the obligations and responsibilities, as well as the worries that every seller faces.

Good real estate agents are the people who know how to take advantage of any situation to be the most beneficial for you, so their advice is invaluable. It is because of this comprehensive and professional knowledge, as well as the extensive database and network of valuable contacts that real estate consultants have at their disposal, that working with a real estate agent is more than justifiable and fruitful in closing a property deal. So don't hesitate to choose this type of service to make the process of buying your dream home easier.

Unique Estates will always be your trusted partner. If you are looking for your dream new home, want to invest or want to realise a property, contact us. Our team is available to assist you with all your luxury real estate questions and to advise you in the best way, protecting your best interest.